...Fabio-Cosimo Calò; Eugenio Anessi-Pessina; Cecilia Langella Purpose The purpose of this paper is to empirically investigate whether heritage recognition and extensive disclosure in public sector General Purpose Financial Reports (GPFR) contribute to accountability and decision making...

... are disclosed, inconsistency is observed regarding the recognition and disclosure criteria in the financial statements and extra-accounting reports among states and within each state. In cases where heritage assets were recognized, no information on fair value measurement procedures and on subsequent...

... room for improvement remains regarding the definition, recognition, measurement and disclosure of such assets. Originality/value The originality of the paper lies in its contribution to overcoming the current controversial aspects of heritage assets reporting and the issuing of an accounting...